Early last week, the number of unemployment benefits in the United States slightly increased, which may provide the Federal Reserve with room to pause interest rate cuts

Odaily Planet Daily reported that the number of first jobless claims in the United States increased moderately last week, which is consistent with the gradual easing of the labor market situation. The US Department of Labor announced on Thursday that the number of initial jobless claims for the week ending February 1 increased by 11000 seasonally adjusted to 219000, with an expected 213000. The elasticity of the labor market is the driving force behind economic expansion and provides space for the Federal Reserve to pause interest rate cuts, while policymakers are evaluating the impact of the Trump administration's fiscal, trade, and immigration policies, which economists believe will lead to inflation. (Golden Ten)